IMATEX BELGIUM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMATEX BELGIUM
Largest movements
- Receivables within one year -€38,099
down €38,099 (-99.4%), from €38,316 to €218
of which Trade receivables: -€31,759
- Cash +€8,304
up €8,304 (+63.4%), from €13,107 to €21,411
mainly Other debts (+€42,719) and Receivables within one year (+€38,099)
- Tangible fixed assets -€2,112
down €2,112 (-5.4%), from €39,060 to €36,949
- Other debts +€42,719
up €42,719 (+3,189%), from €1,340 to €44,059
- Profit (loss) carried forward -€37,392
down €37,392 (-841%), from -€4,444 to -€41,835
- Trade debts -€23,698
down €23,698 (-99.1%), from €23,904 to €207
- Debts after one year -€15,047
down €15,047 (-37.6%), from €40,000 to €24,953
- Current portion of long-term debt +€7,046
new in 2025: €7,046
- Gross operating margin -€20,732
down €20,732 (-516%), from -€4,018 to -€24,749
- Depreciation +€9,023
up €9,023 (+960%), from €940 to €9,963
- Financial charges +€1,531
up €1,531 (+610%), from €251 to €1,782
- Other operating charges +€686
new in 2025: €686
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,484 | €59,429 | -€31,054 | -34.3% |
| Fixed assets | 21/28 | €39,060 | €36,949 | -€2,112 | -5.4% |
| Tangible fixed assets | 22/27 | €39,060 | €36,949 | -€2,112 | -5.4% |
| Furniture and vehicles | 24 | €39,060 | €36,949 | -€2,112 | -5.4% |
| Current assets | 29/58 | €51,424 | €22,481 | -€28,943 | -56.3% |
| Amounts receivable within one year | 40/41 | €38,316 | €218 | -€38,099 | -99.4% |
| Trade receivables | 40 | €31,759 | - | -€31,759 | |
| Other amounts receivable | 41 | €6,558 | €218 | -€6,340 | -96.7% |
| Cash at bank and in hand | 54/58 | €13,107 | €21,411 | +€8,304 | +63.4% |
| Deferred charges and accrued income | 490/1 | - | €852 | +€852 | |
| Total equity and liabilities | 10/49 | €90,484 | €59,429 | -€31,054 | -34.3% |
| Equity | 10/15 | €20,556 | -€16,835 | -€37,392 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,444 | -€41,835 | -€37,392 | -841% |
| Amounts payable | 17/49 | €69,927 | €76,265 | +€6,337 | +9.1% |
| Amounts payable after more than one year | 17 | €40,000 | €24,953 | -€15,047 | -37.6% |
| Financial debts | 170/4 | €40,000 | €24,953 | -€15,047 | -37.6% |
| Amounts payable within one year | 42/48 | €29,927 | €51,312 | +€21,385 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,046 | +€7,046 | |
| Trade debts | 44 | €23,904 | €207 | -€23,698 | -99.1% |
| Suppliers | 440/4 | €23,904 | €207 | -€23,698 | -99.1% |
| Taxes, remuneration and social security | 45 | €4,683 | - | -€4,683 | |
| Taxes | 450/3 | €4,683 | - | -€4,683 | |
| Other amounts payable | 47/48 | €1,340 | €44,059 | +€42,719 | +3,189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €9,963 | +€9,023 | +960% |
| Other operating charges | 640/8 | - | €686 | +€686 | |
| Non-recurring operating charges | 66A | - | €269 | +€269 | |
| Gross operating margin | 9900 | -€4,018 | -€24,749 | -€20,732 | -516% |
| Operating profit (loss) | 9901 | -€4,958 | -€35,667 | -€30,710 | -619% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €251 | €1,782 | +€1,531 | +610% |
| Recurring financial charges | 65 | €251 | €1,782 | +€1,531 | +610% |
| Profit (loss) for the period before taxes | 9903 | -€5,209 | -€37,414 | -€32,206 | -618% |
| Income taxes | 67/77 | - | -€22 | -€22 | |
| Profit (loss) for the period | 9904 | -€5,209 | -€37,392 | -€32,183 | -618% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,209 | -€37,392 | -€32,183 | -618% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.